The War on Terrorism: The Financial Front
12:15 – 1:00 p.m. Lunch
1:00 – 2:00 p.m. Meeting
Stuart Levey and Christy Clark argue that the Financial Action Task Force (FATF) is the world's premier standard-setting body for combating terrorist financing and money laundering, and it should develop and enforce standards for sanctions implementation.
The Financial Action Task Force (FATF) published these recommendations on terrorist financing in October 2001. The report states, "Recognising the vital importance of taking action to combat the financing of terrorism, the FATF has agreed these Recommendations, which, when combined with the FATF Forty Recommendations on money laundering, set out".
Remarks by Treasury Under Secretary Cohen:"Kidnapping for Ransom: The Growing Terrorist Financing Challenge"
U.S. Treasury Department Under Secretary David Cohen gave these remarks on "Kidnapping for Ransom: The Growing Terrorist Financing Challenge" at Chatham House in London on October 5, 2012.